Undoubtedly, one of the world's most recognized outlets and first go-to choice for people to share music, movies and TV shows over the Internet without any complication of money, has just announced that they are preparing for a shut down till the end of this year and completely closing there only office, located in New York.
A Federal Judge of United States himself had confirmed the requested the music industry to shut down the famous file-sharing service, LimeWire, which had been found liable for several copyright infringements this October. "As a result of our current legal situation, we have no choice but to wind down LimeWire Store operations," LimeWire had stated this Friday. And they also claimed that "Despite our dedication and efforts, December 31, 2010, will mark the day when LimeWire Store shuts its virtual doors."
LimeWire also expressed their belief that, according to them a separate, legal music service to market had been canceled. However, still the music industry yet held’s responsible the online infringement and piracy of its physical devices as the largest reasons for decreasing music sales.
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